You can request to be added as an 'Additional Interest' to their policy.

The additional potential given the size of the lot really has to do with where it is, how the site is laid out, and what zoning will allow.

And we are hoping layering Airbnb into the mix will help us get some additional rentals.  

We'll count that $100K you paid for the property as down payment, so lending you the additional $300K would put you at a Loan to Cost of 75% ($100K + $300K renovation budget = $400K cost and a loan of $300K).

In addition, I've started the process for a text message campaign.

You are allowed to switch insurance companies at any time, but you must notify your lender so they can get the mortgagee info added to your new policy to ensure you stay in compliance with your note.Some lenders may even allow the insured to be in your personal name, then have your entity or trust listed as an ADDITIONAL insured. 

Turns out the “changes” are that our directory listing that previously covered us nationwide (50 states plus DC and PR) would now cover 5 states we select - and any additional states are available for an additional $200 / month EACH.  

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This transaction reduced the client’s mortgage payment by approximately $1,700 per month, with an additional $360 per month in savings from the new insurance policy—totaling more than $2,000 in monthly savings.

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